Question: please help me answer the yellow box. note: please do it witu excel formula (not just numbers) thanks ucation.com/ext/map/index.html?_con-condexternal browser=0&launchurl https%253A%252F%252Fmymasonportal.gmu edu%252Fw Patriot Web A




ucation.com/ext/map/index.html?_con-condexternal browser=0&launchurl https%253A%252F%252Fmymasonportal.gmu edu%252Fw Patriot Web A Selt M Gmail Ma tuly 160 0 Connect To Do As. w Customer Reviews Syllabus - 2020707 New Tale Simulations to Submit Saved Help Save & Exit Subm Relationships among Financial Statements using Excel's SUM and Basic Math Functions Marta Communications, Inc. has provided incomplete financial statements for the month ended March 31 The Controller has asked you to help calculate the missing amounts in the incomplete financial statements. Use the information included in the Excel Simulation and the Excel functions described below to complete the task, Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below. If in a blank cell. =811" was entered, the formula would output the result from cell B11, or $34,500 in this example. Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys. + (plus sign to add). - (minus sign to subtract). * (asterisk sign to multiply), and / (forward slash to divide) From the Excel Simulation below, if in a blank cell =B15.316" was entered the formula would add the values from those cells and output the result, or 5,600 in this example, if using the other math symbols the result would output an appropriate answer for its function. SUM function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges to utilize this function. From the Excel Simulation below, if in a blank cell *=SUM(B15,816)" was entered the formula would output the result of adding those two separate cells, or 5,600 in this example. Similarly, if in a blank cell "=SUM(B15:B16)" was entered the formula would output the same result of adding those cells, except they are expressed as a range in the formula, and the result would be 5,600 in this example All answers must be entered as a formula. Click OK to begin. OK FO Syllabus 2020 ations to Submit Saved Help 1 fo Presented below are incomplete financial statements for Marta Comm A B D Presented below are incomplete financial statements for Marta Communications, Inc. Required: Solve for the missing amounts. NOTE: When an amount on one financial statement is again shown on another statement, you MUST reference the cell from the earlier statement rather than calculate the amount, thu indicating the relationship between the two statements. MARTA COMMUNICATIONS, INC. Income Statement For the Month Ended March 31, 20X1 Sales Revenues $34,500 Expenses: 3 Rent Expense 2,600 3 Salaries Expense 5 Utilities Expense 4,800 6 Income Tax Expense 800 7 Net income $4,100 com/ext/map/index.html?con=con&external browser=0&launchurl=https%253A%252F%252Fmymasonportal.gmu.edu%252Fw.. Patriot Web - A Self M Gmail Mail-tnguy160... Connect To Do As... Fly Customer Reviews Syllabus -2020707... tions to Submit Saved Help Save & Exit Net income $4,100 MARTA COMMUNICATIONS, INC. Statement of Stockholders' Equity For the Month Ended March 31, 20X1 Common Stock Retained Earnings $0 $14,000 SO Beginning Balance (March 1, 20X1) Issuance of common stock Add: Net income for March Less: Dividends Ending Balance (March 31, 20X1) Total $0 $14,000 4,100 (500) $17,600 (500) $14,000 MARTA COMMUNICATIONS, INC. Balance Sheet At March 31, 20X1 Liabilities $3,400 Accounts payable + Assets Cash $6,800 Sheet1 READY E 100% Prev 1 of 2 R. WIRE Next > WILD ENTS on.com/ext/map/index.html?_con-con&external browsere&launchurl=https%253A%252F%252Fmymasonportal.gmu.edu%252Fw Patriot Web - A Self M Gmail Mail tnguy160 0. Connect - To Do As... Fly Customer Reviews Syllabus - 202070,7.. ulations to Submit Saved Help Save & Exi - PUILUIHIL UYGILE 26 Less: Dividends 27 Ending Balance (March 31, 20X1) 28 (500) $14,000 (500) $17,600 29 30 MARTA COMMUNICATIONS, INC. Balance Sheet At March 31, 20X1 Liabilities $3,400 Accounts payable Stockholders' Equity 2,300 Common stock 12,000 Retained earnings Total Liabilities and Stockholders' Equity $6,800 31 32 Assets 33 Cash 34 Accounts receivable 35 Supplies 36 Land 37 Total Assets 38 14,000 39 40 Sheet1 READY E 100 ucation.com/ext/map/index.html?_con-condexternal browser=0&launchurl https%253A%252F%252Fmymasonportal.gmu edu%252Fw Patriot Web A Selt M Gmail Ma tuly 160 0 Connect To Do As. w Customer Reviews Syllabus - 2020707 New Tale Simulations to Submit Saved Help Save & Exit Subm Relationships among Financial Statements using Excel's SUM and Basic Math Functions Marta Communications, Inc. has provided incomplete financial statements for the month ended March 31 The Controller has asked you to help calculate the missing amounts in the incomplete financial statements. Use the information included in the Excel Simulation and the Excel functions described below to complete the task, Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below. If in a blank cell. =811" was entered, the formula would output the result from cell B11, or $34,500 in this example. Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys. + (plus sign to add). - (minus sign to subtract). * (asterisk sign to multiply), and / (forward slash to divide) From the Excel Simulation below, if in a blank cell =B15.316" was entered the formula would add the values from those cells and output the result, or 5,600 in this example, if using the other math symbols the result would output an appropriate answer for its function. SUM function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges to utilize this function. From the Excel Simulation below, if in a blank cell *=SUM(B15,816)" was entered the formula would output the result of adding those two separate cells, or 5,600 in this example. Similarly, if in a blank cell "=SUM(B15:B16)" was entered the formula would output the same result of adding those cells, except they are expressed as a range in the formula, and the result would be 5,600 in this example All answers must be entered as a formula. Click OK to begin. OK FO Syllabus 2020 ations to Submit Saved Help 1 fo Presented below are incomplete financial statements for Marta Comm A B D Presented below are incomplete financial statements for Marta Communications, Inc. Required: Solve for the missing amounts. NOTE: When an amount on one financial statement is again shown on another statement, you MUST reference the cell from the earlier statement rather than calculate the amount, thu indicating the relationship between the two statements. MARTA COMMUNICATIONS, INC. Income Statement For the Month Ended March 31, 20X1 Sales Revenues $34,500 Expenses: 3 Rent Expense 2,600 3 Salaries Expense 5 Utilities Expense 4,800 6 Income Tax Expense 800 7 Net income $4,100 com/ext/map/index.html?con=con&external browser=0&launchurl=https%253A%252F%252Fmymasonportal.gmu.edu%252Fw.. Patriot Web - A Self M Gmail Mail-tnguy160... Connect To Do As... Fly Customer Reviews Syllabus -2020707... tions to Submit Saved Help Save & Exit Net income $4,100 MARTA COMMUNICATIONS, INC. Statement of Stockholders' Equity For the Month Ended March 31, 20X1 Common Stock Retained Earnings $0 $14,000 SO Beginning Balance (March 1, 20X1) Issuance of common stock Add: Net income for March Less: Dividends Ending Balance (March 31, 20X1) Total $0 $14,000 4,100 (500) $17,600 (500) $14,000 MARTA COMMUNICATIONS, INC. Balance Sheet At March 31, 20X1 Liabilities $3,400 Accounts payable + Assets Cash $6,800 Sheet1 READY E 100% Prev 1 of 2 R. WIRE Next > WILD ENTS on.com/ext/map/index.html?_con-con&external browsere&launchurl=https%253A%252F%252Fmymasonportal.gmu.edu%252Fw Patriot Web - A Self M Gmail Mail tnguy160 0. Connect - To Do As... Fly Customer Reviews Syllabus - 202070,7.. ulations to Submit Saved Help Save & Exi - PUILUIHIL UYGILE 26 Less: Dividends 27 Ending Balance (March 31, 20X1) 28 (500) $14,000 (500) $17,600 29 30 MARTA COMMUNICATIONS, INC. Balance Sheet At March 31, 20X1 Liabilities $3,400 Accounts payable Stockholders' Equity 2,300 Common stock 12,000 Retained earnings Total Liabilities and Stockholders' Equity $6,800 31 32 Assets 33 Cash 34 Accounts receivable 35 Supplies 36 Land 37 Total Assets 38 14,000 39 40 Sheet1 READY E 100
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